Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.

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Metalex Ventures Ltd > Ghost of U2 Past

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Comment by Oregonduckon Mar 18, 2021 12:48pm

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Post# 32826578

RE:RE:Ghost of U2 Past

kcuhc11 wrote: not necessarily true that you U2 is dead it can turned around in a matter of no time at all... equipment is not far from it from other sources

U2 bulk sample will cost $20 million down from $50 million. An ice road to U2 - if it is ever built - will cost another 2/3 $million.

Debeers had dismantled the $1 billion cost of the Victor Mine. They spent $3 million per year maintaining their winter road for transportation of supplies.

U2 is only good for the natives to do helicopter fishing and hunting 60 kms from nowhere. It is now a shithole in the ground.

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